Price for Spices; Vanilla, Crushed or Ground in Canada - 2023
Contents:
- Price for Spices; Vanilla, Crushed or Ground in Canada (CIF) - 2022
- Price for Spices; Vanilla, Crushed or Ground in Canada (FOB) - 2022
- Imports of Spices; Vanilla, Crushed or Ground in Canada
- Exports of Spices; Vanilla, Crushed or Ground in Canada
Price for Spices; Vanilla, Crushed or Ground in Canada (CIF) - 2022
The average import price for spices; vanilla, crushed or ground stood at $54,690 per ton in 2022, growing by 16% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; vanilla, crushed or ground import price increased by +77.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 53% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Madagascar ($122,951 per ton), while the price for Taiwan (Chinese) ($3,640 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Vanilla, Crushed or Ground in Canada (FOB) - 2022
In 2022, the average export price for spices; vanilla, crushed or ground amounted to $57,259 per ton, which is down by -39.3% against the previous year. In general, the export price, however, showed noticeable growth. The most prominent rate of growth was recorded in 2013 an increase of 78% against the previous year. The export price peaked at $182,164 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($105,626 per ton), while the average price for exports to Germany totaled $27,378 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.7%).
Imports of Spices; Vanilla, Crushed or Ground in Canada
Spices; vanilla, crushed or ground imports into Canada shrank notably to 47 tons in 2022, declining by -27.7% on the year before. Over the period under review, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 41%. As a result, imports reached the peak of 66 tons, and then contracted significantly in the following year.
In value terms, spices; vanilla, crushed or ground imports reduced remarkably to $2.6M in 2022. In general, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2021 when imports increased by 117% against the previous year. As a result, imports reached the peak of $3.1M, and then fell rapidly in the following year.
| Import of Spices; Vanilla, Crushed or Ground in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 25.7 | 406 | 1,233 | 1,536 | 291.0% |
| United States | 431 | 347 | 671 | 565 | 9.4% |
| United Kingdom | 0.4 | 0.5 | N/A | 111 | 552.3% |
| Indonesia | 39.8 | 53.2 | 65.6 | 85.8 | 29.2% |
| Papua New Guinea | 1,392 | 245 | 269 | 77.8 | -61.8% |
| France | 47.6 | 124 | 652 | 64.9 | 10.9% |
| Italy | 49.8 | 62.6 | 71.1 | 51.3 | 1.0% |
| Germany | 21.7 | 64.5 | 0.7 | 31.9 | 13.7% |
| Lebanon | 20.7 | 6.1 | 5.0 | 14.8 | -10.6% |
| Algeria | N/A | 15.0 | 63.6 | 4.5 | -45.2% |
| Taiwan (Chinese) | 48.1 | 3.8 | 9.5 | 4.4 | -54.9% |
| Mexico | 14.1 | 20.8 | 15.6 | 3.8 | -35.4% |
| India | 77.8 | 39.3 | N/A | 1.5 | -73.2% |
| Others | 16.2 | 45.6 | 45.8 | 37.5 | 32.3% |
| Total | 2,185 | 1,432 | 3,102 | 2,590 | 5.8% |
Top Suppliers of Spices; Vanilla, Crushed or Ground to Canada in 2022:
- United States (16.2 tons)
- Madagascar (12.5 tons)
- United Kingdom (7.3 tons)
- Indonesia (1.8 tons)
- Lebanon (1.6 tons)
- Taiwan (Chinese) (1.2 tons)
- Italy (1.1 tons)
- France (1.1 tons)
- Germany (0.9 tons)
- Papua New Guinea (0.8 tons)
- Mexico (0.5 tons)
- Algeria (0.4 tons)
- India (0.1 tons)
Exports of Spices; Vanilla, Crushed or Ground in Canada
Spices; vanilla, crushed or ground exports from Canada surged to 36 tons in 2022, with an increase of 133% on 2021. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 277%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, spices; vanilla, crushed or ground exports skyrocketed to $2.1M in 2022. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 193% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Spices; Vanilla, Crushed or Ground in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 965 | 486 | 1,439 | 1,445 | 14.4% |
| Germany | 2.7 | N/A | 17.6 | 611 | 509.4% |
| Others | 18.4 | 14.3 | 8.0 | 16.9 | -2.8% |
| Total | 986 | 500 | 1,465 | 2,072 | 28.1% |
Top Export Markets for Spices; Vanilla, Crushed or Ground from Canada in 2022:
- Germany (22.3 tons)
- United States (13.7 tons)
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This report provides an in-depth analysis of the vanilla market in Canada.
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This report provides an in-depth analysis of the global vanilla market.
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This report provides an in-depth analysis of the vanilla market in Canada.
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This report provides an in-depth analysis of the global vanilla market.
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In 2016, the vanilla market dropped to X tons, caused by the reduction of global vanilla production due to harvest cuts in Madagascar and Indonesia. At the same time, demand for vanilla continues to grow against the backdrop of growing demand from
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Global vanilla consumption amounted to X thousand tons in 2015, stabilizing at the previous year level.
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In 2015, global consumption of vanilla amounted to X tons, standing approx. at the 2014 level. One year before there was a fall by X% caused by the reduction of vanilla production in Indonesia; from 2007 to 2013, va
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The value of total imports on the global vanilla market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of vanilla reached X tons i
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From 2007 to 2015, global exports of vanilla grew by +X% per year, amounting to X million USD in 2015. In physical terms, exports on the global vanilla market reached X tons in 2015, which was X tons (or X%) more than the year before.
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The global production of vanilla was estimated at X tons in 2015, an increase of X tons against the figure for 2013, and X tons (or X%) less than the peak production level recorded in 2011.
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From 2007 to 2015, global vanilla market consumption decreased by -X% annually. The highest annual rates of growth in terms of vanilla consumption between 2007 and 2015 were registered in India, with a +X% growth, due to the increased number of va
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Although widely considered a standard commodity, vanilla requires highly labor-intensive methods of cultivation that make it the second most expensive spice in the world, surpassed only by saffron.
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France dominates in the global vanilla trade. In 2014, France exported X thousand tons of vanilla totaling X million USD, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of its total vanilla exports in val
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In 2016, the vanilla market dropped to X tons, caused by the reduction of global vanilla production due to harvest cuts in Madagascar and Indonesia. At the same time, demand for vanilla continues to grow against the backdrop of growing demand from
